Xorte logo

News Markets Groups

USA | Europe | Asia | World| Stocks | Commodities



Add a new RSS channel

 
 


Keywords

2025-03-21 09:30:00| Fast Company

A heated debate has recently erupted between two groups of supporters of President Donald Trump. The dispute concerns the H-1B visa system, the program that allows U.S. employers to hire skilled foreign workers in specialty occupationsmostly in the tech industry. On the one hand, there are people like Trumps former strategist Steve Bannon, who has called the H-1B program a total and complete scam. On the other, there are tech tycoons like Elon Musk who think skilled foreign workers are crucial to the U.S. tech sector. The H-1B visa program is subject to an annual limit of new visas it can issue, which sits at 65,000 per fiscal year. There is also an additional annual quota of 20,000 H-1B visas for highly skilled international students who have a proven ability to succeed academically in the U.S. The H-1B program is the primary vehicle for international graduate students at U.S. universities to stay and work in the United States after graduation. At Rice University, where I work, much of science, technology, engineering, and mathematics (STEM) research is carried out by international graduate students. The same goes for most American research-intensive universities. As a computer science professorand an immigrantwho studies the interaction between computing and society, I believe the debate over H-1B overlooks some important questions: Why does the U.S. rely so heavily on foreign workers for the tech industry, and why is it not able to develop a homegrown tech workforce? The U.S. as a global talent magnet The U.S. has been a magnet for global scientific talent since before World War II. Many of the scientists who helped develop the atomic bomb were European refugees. After World War II, U.S. policies such as the Fulbright Program expanded opportunities for international educational exchange. Attracting international students to the U.S. has had positive results. Among Americans who have won the Nobel Prize in chemistry, medicine or physics since 2000, 40% have been immigrants. Tech industry giants Apple, Amazon, Facebook and Google were all founded by first- or second-generation immigrants. Furthermore, immigrants have founded more than half of the nations billion-dollar startups since 2018. Stemming the inflow of students Restricting foreign graduate students path to U.S. employment, as some prominent Trump supporters have called for, could significantly reduce the number of international graduate students in U.S. universities. About 80% of graduate students in American computer science and engineering programs (roughly 18,000 students in 2023) are international students. The loss of international doctoral students would significantly diminish the research capability of graduate programs in science and engineering. After all, doctoral students, supervised by principal investigators, carry out the bulk of research in science and engineering in U.S. universities. It must be emphasized that international students make a significant contribution to U.S. research output. For example, scientists born outside the U.S. played key roles in the development of the Pfizer and Moderna COVID-19 vaccines. So making the U.S. less attractive to international graduate students in science and engineering would hurt U.S. research competitiveness. Computing PhD graduates are in high demand. The economy needs them, so the lack of an adequate domestic pipeline seems puzzling. Where have U.S. students gone? So, why is there such a reliance on foreign students for U.S. science and engineering? And why hasnt America created an adequate pipeline of U.S.-born students for its technical workforce? After discussions with many colleagues, I have found that there are simply not enough qualified domestic doctoral applicants to fill the needs of their doctoral programs. In 2023, for example, U.S. computer science doctoral programs admitted about 3,400 new students, 63% of whom were foreign. It seems as if the doctoral career track is simply not attractive enough to many U.S. undergrad computer science students. But why? The top annual salary in Silicon Valley for new computer science graduates can reach $115,000. Bachelors degree holders in computing from Rice University have told me that until recentlybefore economic uncertainty shook the industrythey were getting starting annual salaries as high as $150,000 in Silicon Valley. Doctoral students in research universities, in contrast, do not receive a salary. Instead, they get a stipend. These vary slightly from school to school, but they typically pay less than $40,000 annually. The opportunity cost of pursuing a doctorate is, thus, up to $100,000 per year. And obtaining a doctorate typically takes six years. So, pursuing a doctorate is not an economically viable decision for many Americans. The reality is that a doctoral degree opens new career options to its holder, but most bachelors degree holders do not see beyond the econmics. Yet academic computing research is crucial to the success of Silicon Valley. A 2016 analysis of the information technology sectors with a large economic impact shows that academic research plays an instrumental role in their development. Why so little? The U.S. is locked in a cold war with China focused mostly on technological dominance. So maintaining its R&D edge is in the national interest. Yet the U.S. has declined to make the requisite investment in research. For example, the National Science Foundations annual budget for computer and information science and engineering is around $1 billion. In contrast, annual R&D expenses for Alphabet, Googles parent company, have been close to $50 billion for the past decade. Universities are paying doctoral students so little because they cannot afford to pay more. But instead of acknowledging the existence of this problem and trying to address it, the U.S. has found a way to meet its academic research needs by recruiting and admitting international students. The steady stream of highly qualified international applicants has allowed the U.S. to ignore the inadequacy of the domestic doctoral pipeline. The current debate about the H-1B visa system provides the U.S. with an opportunity for introspection. Yet the news from Washington, D.C., about massive budget cuts coming to the National Science Foundation seems to suggest the federal government is about to take an acute problem and turn it into a crisis. Moshe Y. Vardi is a professor of computer science at Rice University. This article is republished from The Conversation under a Creative Commons license. Read the original article.


Category: E-Commerce

 

LATEST NEWS

2025-03-21 09:15:00| Fast Company

Shoppers at Uniqlo in New York City can now purchase a matcha and a cold brew alongside their new pair of work trousers. As of March 14, Uniqlos Midtown store is the first North American location of the Japanese-owned fashion brand to open a Uniqlo Coffee. The cafe, owned by Uniqlo, serves a standard beverage menu including coffee, espresso beverages, cold brew, and matcha, as well as hot chocolate and orange juice. Its located inside the store itself, with the same sleek, monochromatic branding as the retail sections. Uniqlo is one of several other everyday luxury retailerslike Muji, Aritzia, and Ralph Laurenthat have likewise opened their own branded coffee shops. Its the modern-day, status-signaling version of a Starbucks inside a Barnes & Noble; turning the store itself into a kind of third place for shoppers to gather in an attempt to earn the coveted reputation of a lifestyle brand rather than merely a clothing store.  View this post on Instagram A post shared by UNIQLO USA (@uniqlousa) Why every retailer has a coffee shop now Uniqlo Coffee may be new in the U.S., but its already a staple at Uniqlo locations in Asia, including in Japan, Hong Kong, the Philippines, and Malaysia. These locations tend to have extended menus that also offer small snack foods with local touches. At the Manila global flagship store, for example, shoppers can find melon buns, hojicha gelato, strawberry mint tea, and a cookie butter cheesecake on top of the standard coffee offerings.  Brands within Uniqlos niche of elevated basics have already found success in North America with starting their own coffee shops. Artizias A-OK Cafe, which serves coffee, tea, and pastries, has expanded to 11 locations in Canada and recently opened two new stores in Chicago and New York City. Ralph Laurens Ralphs Coffee can be found in multiple New York locations as well as both Europe and Asia, where it sells sweet treats alongside merch like a Ralphs-branded tumbler or a ball cap. And the Japanese retailer Muji recently opened a full-on food hall inside NYCs Chelsea Market, where a robot barista named Jarvis will bring you a black sesame latte on wheels. The coffee shop trend is just another expression of many trendy retailers desire to become known as a lifestyle brand, or a brand that transcends its actual products to encompass a whole vibe or aestheticthink Erewhon releasing a $335 sweatsuit, or Sweetgreen starting its own merch-based loyalty program. An added bonus to the physical coffee shop concept is that it plays into Gen Zs desire to gather in third places post-pandemic, a trend that formerly DTC-only brands like Chamberlain Coffee have also embraced by debuting an actual in-person shop. Market calculation aside, its a well-known fact that shopping is simply more enjoyable with an ice-cold beverage in hand (and it might even keep you browsing those aisles a bit longer.) The A-OK Cafe website spells it out pretty clearly: Don’t let snack-free shopping happen to you.


Category: E-Commerce

 

2025-03-21 09:11:00| Fast Company

Its a story that sounds almost too outrageous to be true. Deel, a $12 billion company in the HR tech space, is facing serious allegations of corporate espionage, according to a lawsuit filed by its competitor, Rippling. The lawsuitfiled earlier this month in a California courtclaims Deel orchestrated a “multi-month campaign to steal a competitors business information with help from a corporate spy.” Rippling alleges that Deel planted an employee to infiltrate its operations, targeting customers in an effort to lure them away. According to the suit, the alleged spying lasted over four months. During that time, the employee (identified in court documents only by the initials D.S.) is said to have “obsessively and systematically accessed Slack channels where he had no legitimate business interest,” conducting more than 6,000 searches. Rippling reportedly discovered the mole after setting a trap: a honeypot Slack channel filled with fake information suggesting it contained sensitive, potentially damaging details about Deel. The channel was irrelevant to the employees role in payroll operations, yet he accessed itconfirming suspicions. When confronted, the alleged spy reportedly hid in a bathroom at Ripplings Dublin office. The evidence in this case is undeniable, said Alex Spiro, legal counsel for Rippling, which is valued at $13 billion. The highest levels of Deels leadership are implicated in a brazen corporate espionage scheme, and they will be held accountable. Deel, for its part, denies all allegations. Weeks after Rippling is accused of violating sanctions law in Russia and seeding falsehoods about Deel, Rippling is trying to shift the narrative with these sensationalized claims, a spokesperson said in a statement provided to the media. We deny all legal wrongdoing and look forward to asserting our counterclaims. Regardless of the outcome, the case underscores a growing concern around insider threats and corporate espionageand raises questions about how well companies protect their sensitive information. Insider threats are a huge problem for organizations, says Alex Bomberg, chairman of Intelligent Protection International and an expert in security and counterespionage. Its really not uncommon. He adds that while insider threats typically involve disgruntled employees taking proprietary information to new employers, the level of alleged coordination in this case is rare, but still a real risk. The situation might have been avoidable with better internal controls, says Alan Woodward, professor of cybersecurity at the University of Surrey. If your documents are that sensitive, why arent they partitioned in some way? he asks. If you put something in a Slack channel and anyone has access . . . they’re going to be able to see it. Even basic file management tools like Microsoft SharePoint offer permission-based access control, he notes. Industrial espionage and stealing trade secrets is not exactly unknown, and recruiting somebody from another company isnt either, Woodward continues. But this case highlights a broader issue: Many organizations underestimate the risk posed by insider threats. Most of a companys assets walk out the door at 6 oclockbecause the knowledge lives in their heads, he says. Thats why employee satisfaction and robust internal safeguards are crucial. A lot of hacks are done because somebodyeither maliciously or inadvertentlyis compromised,” Woodward says. According to Intelligent Protections Bomberg, stronger internal security policies could have prevented the breach. Its about rule-setting, about creating a capable guardian, and making sure that one person doesnt have access to everything, he says. Thats something that appears not to have happened here.”


Category: E-Commerce

 

Latest from this category

30.03Why Canadian brands are going all-in on Elbows Up
30.03How you might be sabotaging yourself when you negotiate
30.03Homebuilder inventory hits 2009 levels: These are the housing markets where you can find deals
30.03Paul Weisss capitulation to Trump was shockingbut the law firm has been doing Exxons bidding for years
30.03Why law school applications are skyrocketing right now 
30.03How to bring Apples Hide My Email privacy to Android and Windows
30.033 lessons in allyship from Lady Gaga 
30.033 great, free Word alternatives in the wake of the Microsoft 365 price hike
E-Commerce »

All news

30.03Apple is reportedly on track to launch the M5 iPad Pro and MacBook Pro later this year
30.03Apple is said to be developing a revamped Health app with a built-in AI doctor
30.03Googles new experimental AI model, Gemini 2.5 Pro, is now available to free users too
30.03Longtime Chicago journalist Walter Jacobson lists Gold Coast co-op unit for nearly $1.1M, and finds a buyer
30.03Trumps promised Liberation Day of tariffs is coming. Heres what it could mean for you
30.03'No fuss, no surprises': Shoppers defend supermarket cafes amid closures
30.03'No fuss, no surprises': The regulars standing by supermarket cafes
30.03Why Canadian brands are going all-in on Elbows Up
More »
Privacy policy . Copyright . Contact form .